Tag Archives: Forex

The Indian rupee closed lower against the U.S. dollar on Monday, settling at 83.41, down from its previous session’s close of 83.34. SEE: USD makes significant gains against INR on VT Markets trading app. Factors such as increased dollar purchases by foreign banks and weakness across Asian currencies shaped this outcome, driven by expectations that theContinue Reading

Pictured: You enjoying the beautiful sakura beneath a pastel blue sky While the entire of Japan has been seeing the Sakura blossom throughout April, the Japanese Yen continued to depreciate following the announcement from the Bank of Japan on maintaining its current interest rate. With that, the JPY/USD fell to a 34-year low of 156,Continue Reading

With forex brokerages a dime a dozen these days, it’s easy to overlook the importance of a good broker. With each broker touting a variety of selling points and gimmicks, traders today are overwhelmed from information overload – making them especially susceptible to exploitation by scammers. While not entirely fool-proof, traders equipped with comprehensive marketContinue Reading

Japan’s Nikkei share average recently saw a downturn, dropping 2.16% to close at 37,628.48, following a three-day upward streak. This slide was led primarily by losses in the technology sector, while the market braces for the Bank of Japan’s upcoming policy announcement. SEE: Nikkei 225 plummets as seen on VT Markets trading app. On Thursday,Continue Reading

The USD/JPY pair has surpassed the 155.00 mark, a level highlighted by ex-Deputy Finance Minister Michio Watanabe as pivotal. SEE: USD/JPY breaks the 155.00 level on the VT Markets trading app This move comes as the market anticipates key economic data from the U.S., such as GDP and PCE figures. Historically, such breaches have led toContinue Reading

Sterling stabilises after Tuesday’s strong gains, fueled by above-forecast U.K. purchasing-manager surveys, Bank of England signals that it isn’t in a rush to cut rates, and a weaker dollar. The currency’s performance reflects heightened market attention to central bank signals and economic data. The GBP/USD edged down 0.1% to 1.2436, while EUR/GBP remains steady atContinue Reading

The dollar index, which tracks the U.S. currency against a basket of six major peers including the euro, sterling, and yen, held steady at 105.64 in early Asian trading, following a decrease of 0.4% overnight. This movement came after the dollar index reached its lowest point since April 12 at 105.23. This recent dip inContinue Reading